Valero Energy reports 54.2 pct rise in quarterly profit

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July 26 (Reuters) - Independent U.S. refiner Valero Energy Corp reported a 54.2 percent rise in quarterly profit on Thursday, as cheap domestic crude boosted its refining margins. Net income attributable to common shareholders rose to $845 million, or $1.96 per share, in the second quarter ended June 30, from $548 million, or $1.23 per share, a year earlier. Total revenue rose to $31.02 billion from $22.25 billion a year earlier. (Reporting by Laharee Chatterjee in Bengaluru; Editing by Shailesh Kuber)